Chandon Acquired by Sula Vineyards | Consumer M&A Deal

Sula Vineyards has acquired Chandon, a consumer other business in Nashik, for INR 20 crore. Sula Vineyards acquisitions expand wine tourism by adding Chandon’s Dindori estate, which includes an ultra-premium visitor centre, banquet facilities, and tasting experiences for immersive consumer visits. The acquired Chandon wine estate spans 19 acres with a production capacity of 4.5 lakh litres annually, scalable up to 13 lakh litres, supporting Sula’s consumer M&A growth in Maharashtra. The strategic acquisition is structured as an asset purchase agreement via Sula’s wholly owned subsidiary Artisan Spirits Private Limited, with brand-related assets excluded. Announced as an add on acquisition, operations of existing hospitality and tasting facilities are set to begin on handover, subject to regulatory approvals and an expected close by end of Q1 FY27.